How To Improve Chances Of Being Paid On Time
| Business : Invoicing And Managing Finances The best way to improve your chance of being paid on time is to be clear about the financial side of things throughout a transaction, and do everything you need to do in a timely manner. If you are lax sending out the invoice for a piece of work then some clients will pick up on this and realise that you might not be on top of your game. Indeed a certain percentage of businesses actually never realise that certain invoices go unpaid due to the sloppy nature of their accounting systems. Therefore always stay on top of it all, issue the invoice on time, and include the specific date that the invoice needs to be paid by. Rather than say 'please pay in 35 days', state the actual day that payment needs to be received by. Then if payment is a day late, don't give them a weeks grace - start chasing up on the payment straight away.
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